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    mbernabe's Avatar
    mbernabe Posts: 1, Reputation: 1
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    #1

    Nov 28, 2016, 05:17 PM
    BUying a car under corporation
    Hi

    What are the tax consequences if I buy a car under canadian small business corporation but for personal use? I'm a self employed.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Nov 28, 2016, 05:24 PM
    you would have to declare the personal use value of that usage as income.
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